Libra Future Fund
Libra Future Fund operates on a minimal budget with declining assets and consistent expense overruns.
EIN: 202402155 · Portland, ME · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $36K |
| Program Spending | 80% |
| Net Assets | $0 |
| Transparency Score | 65/100 |
Is Libra Future Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Libra Future Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Libra Future Fund
Libra Future Fund (EIN: 202402155) is a nonprofit organization based in Portland, ME, classified under NTEE code T30. The organization reported total revenue of $31K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Libra Future Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Libra Future Fund is a micro nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $36K |
| Surplus / Deficit | $-4,764 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | -15.4% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2020, Libra Future Fund reported a deficit of $5K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 7 years of filings (2011–2020), Libra Future Fund's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -52.3% | -44.0% | -100.0% |
| 2019 | -13.3% | -15.6% | -40.8% |
| 2015 | +0.2% | -1.5% | -8.1% |
| 2014 | +44.0% | +49.4% | -19.3% |
| 2013 | +5.1% | +29.8% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Libra Future Fund with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Libra Future Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Libra Future Fund's IRS 990 filings:
- Consistent decline in assets, from $10,919 in 2013 to $1 in 2020.
- Expenses frequently exceed revenue (e.g., $35,799 expenses vs. $31,035 revenue in 2020), indicating potential operational deficits.
- Extremely low asset base ($1 in 2020) suggests minimal financial reserves and high financial fragility.
Strengths
The following positive indicators were identified for Libra Future Fund:
- Zero officer compensation reported across all filings, indicating high efficiency in executive spending.
- Consistent filing of IRS Form 990s demonstrates a commitment to transparency.
- Low liabilities reported in most periods (e.g., $1 in 2020, $0 in 2014).
Frequently Asked Questions about Libra Future Fund
Is Libra Future Fund a legitimate charity?
Libra Future Fund (EIN: 202402155) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 7 years of IRS 990 filings on record. Total revenue: $31K. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does Libra Future Fund spend its money?
Libra Future Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Libra Future Fund tax-deductible?
Libra Future Fund is registered as a tax-exempt nonprofit (EIN: 202402155). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Libra Future Fund's spending goes to programs?
Libra Future Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Libra Future Fund compare to similar nonprofits?
With a transparency score of 65/100 (Good), Libra Future Fund is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Libra Future Fund located?
Libra Future Fund is headquartered in Portland, Maine and files with the IRS under EIN 202402155. It is classified under NTEE code T30.
How many years of IRS 990 filings does Libra Future Fund have?
Libra Future Fund has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $31K in total revenue.
Is Libra Future Fund a good charity?
Libra Future Fund demonstrates good financial efficiency by not paying officer compensation. However, its very small size, declining assets (from $10,919 in 2013 to $1 in 2020), and consistent expense overruns (e.g., $35,799 expenses vs. $31,035 revenue in 2020) suggest significant financial fragility. Its impact potential is likely limited by its minimal resources.
What is the long-term financial outlook for Libra Future Fund?
The long-term financial outlook appears challenging given the consistent decline in assets to just $1 in 2020 and the recurring pattern of expenses exceeding revenue. Without a significant increase in funding or a change in financial management, its sustainability is questionable.
How does Libra Future Fund manage its expenses relative to its revenue?
Libra Future Fund frequently spends more than it earns. For example, in 2020, expenses were $35,799 while revenue was $31,035. This trend is visible in multiple years, including 2015 ($75,779 expenses vs. $75,000 revenue) and 2014 ($76,925 expenses vs. $74,855 revenue), indicating a reliance on existing reserves or other funding sources to cover operational costs.
Filing History
IRS 990 filing history for Libra Future Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Libra Future Fund's revenue has declined by 32.4%, moving from $46K to $31K. Total assets decreased by 99.8% over the same period, from $580 to $1. Total functional expenses fell by 22.8%, from $46K to $36K. In its most recent filing year (2020), Libra Future Fund reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $31K | $36K | $1 | $1 | — | — |
| 2019 | $65K | $64K | $5K | $35 | — | View 990 |
| 2015 | $75K | $76K | $8K | $68 | — | View 990 |
| 2014 | $75K | $77K | $9K | $0 | — | View 990 |
| 2013 | $52K | $51K | $11K | $36 | — | View 990 |
| 2012 | $50K | $40K | $10K | $38 | — | View 990 |
| 2011 | $46K | $46K | $580 | $37 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $31K, expenses of $36K, and assets of $1 (revenue -52.3% year-over-year).
- 2019: Revenue of $65K, expenses of $64K, and assets of $5K (revenue -13.3% year-over-year).
- 2015: Revenue of $75K, expenses of $76K, and assets of $8K (revenue +0.2% year-over-year).
- 2014: Revenue of $75K, expenses of $77K, and assets of $9K (revenue +44.0% year-over-year).
- 2013: Revenue of $52K, expenses of $51K, and assets of $11K (revenue +5.1% year-over-year).
- 2012: Revenue of $50K, expenses of $40K, and assets of $10K (revenue +7.8% year-over-year).
- 2011: Revenue of $46K, expenses of $46K, and assets of $580.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Libra Future Fund:
Data Sources and Methodology
This transparency report for Libra Future Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.